• Your benefits at retirement

    Defined Contribution Scheme

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Not sure what pension you are in?

The Scheme’s Normal Retirement Age (NRA) is age 65, but you can take benefits from your Pension Account at any time on or after your 55th birthday, (the Government proposes to increase this to age 57 in 2028).

You have flexibility over how and when you take benefits from your Pension Account, so if you don’t need the money yet, you could leave your pension savings invested with opportunity to grow (although they may also go down in value). You also don’t have to take all of your pension savings at once – you can take just some of your pension savings and then take further benefits at a later date, as and when you need to.

HM Revenue & Customs (HMRC) may allow you to take benefits earlier if you’re unable to work due to certain circumstances of serious ill health.

Visit the Fidelity website to find out more about your options.

© Copyright - Barnett Waddingham
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